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The Authority Is Taking Action
We discussed these problems with the Authority during the audit, and it began to
take corrective action. It reimbursed its low-rent public housing program
$246,254 owed from the other programs. The Authority’s board of
commissioners approved a resolution in November 2006, requiring the Authority
to reconcile and settle the low-rent public housing fund’s due-to/due-from account
monthly or as soon as funds are available. In its written response, the Authority
stated that it will establish and implement the necessary policies and procedures to
satisfy recommendations 1B and 1C.
Recommendations
We recommend that the director of the Baltimore Public Housing Program Hub 7
direct the Authority to
1A. Repay its low-rent public housing fund $246,254 ∗ for funds advanced to
pay expenses of other HUD and non-HUD programs.
1B. Create and implement policies and procedures to ensure that all
transactions are recorded on the books in a timely manner and that the
due-to/due-from account is reconciled and settled monthly, thereby putting
$489,522 in public housing funds to better use over a one-year period.
1C. Accurately and completely record the year-end adjusting entries for fiscal
year 2005 on its books.
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We also addressed this audit report to the director, Richmond Office of Public Housing, at the request of the
director, Baltimore Public Housing Program Hub.
∗
The Authority took action to repay this amount. No further action concerning this recommendation is required.
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